Bitcoin fell below $79,000 on Tuesday as rising U.S. Treasury yields and growing expectations of a Federal Reserve interest rate hike weighed on the broader cryptocurrency market. Bitcoin traded just under $78,800, dropping more than 1% over the past 24 hours while retaining a modest weekly gain. The worlds largest cryptocurrency has now spent roughly two weeks struggling to secure a close above the key $80,000 level, although it has largely preserved its August rally. Zcash recorded the steepest decline among major cryptocurrencies, falling nearly 5% to around $1,125. Despite the pullback,… Read more
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